 | Newswire
Los Angeles' Redbury Hotel expands into Miami 22 May, 2013
The 69-room property is being developed by Bob Heyat and sbe. Heyat and Larry Levy, founder and chairman of Levy Restaurants own the property, while sbe will manage it but has no ownership stake.More>>
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 | Newswire
Accor eager to break into Brisbane 22 May, 2013
The Australian reports that Accor is in talks to manage a luxury hotel to be developed on the former Brisbane Supreme and District courts site in George Street by a Taiwanese developer. The Shayher Group bought the site for more than $63 million earlier this year, planning a $500-million hotel,...More>>
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 | Newswire
Holiday Inn Express Guadalajara purchased by Mexican REIT 22 May, 2013
Fibra Inn, a Mexican real estate investment trust, has completed the acquisition of the Holiday Inn Express Guadalajara UAG hotel for a sum of around $15 million. It was an all-cash transaction. The hotel is part of the purchase of five additional properties. The 100-room hotel is expected to add...More>>
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 | Newswire
Real Hospitality to manage hotels as part of quarter billion investment fund 22 May, 2013
Real Hospitality Group has been selected to manage hotels to be acquired as part of a nearly quarter billion dollar hotel investment fund. The partnership will expand the company into new destination leisure markets and develop assets in partnership with key executives of the fund. "The foundation...More>>
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 | Newswire
Red Carnation Hotels acquires Ireland's Ashford Castle for €20 million 22 May, 2013
The castle hotel was sold on behalf of receiver Ernst & Young Ltd. through broker Savills Plc (SVS). In October, when the hotel was put up for sale, the asking price was €25 million, and Red Carnation acquired the property for €20 million. Irish developer Gerry Barrett paid €50 million for...More>>
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 | Newswire
Sean Clancy appointed to GM of the Loews Philadelphia Hotel 22 May, 2013
With more than 20 years of hospitality experience, Clancy will oversee all aspects of management for the Loews Philadelphia Hotel, which recently completed a full $14-million renovation of its 581 guestrooms in March.More>>
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 | Newswire
Vista Capital raises $32M of financing for five-hotel portfolio 22 May, 2013
Vista Capital Company said it recently arranged and closed $32 million of financing for a portfolio of five hotels representing 478 rooms in Arizona and Utah: the Hampton Inn & Suites, Residence Inn and Holiday Inn in Goodyear, Ariz., and the Holiday Inn Express in Washington, Utah. The deal was...More>>
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 | Newswire
Doubletree by Hilton planned for Evansville, Ind. 22 May, 2013
The current tentative plan calls for a 253-room Doubletree by Hilton to be the centerpiece of a $70-million development which also includes an apartment tower, retail and restaurant space, a parking garage, connections between Downtown facilities and storage space for the Ford Center.More>>
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 | Newswire
While EU hurts, hotel transactions soar 22 May, 2013
According to Jones Lang LaSalle, hotel deals soared in the first quarter, with sales volume reaching $5 billion for the Europe, Middle East and Africa region, up 45 percent from last year, The Wall Street Journal reports. While volume is expected to slow in the second half of the year, the total...More>>
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 | Newswire
Redefine Hotels and BDL Management merge to create Redefine BDL Hotels 22 May, 2013
The merger will create the largest independent hotel management company in the UK with 60 hotels under management, representing 6,700 rooms. The merging of the two companies will combine the financial strength and operational experience of Redefine Hotels with the hotel management and development...More>>
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